qualified plan

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Qualified Plan

An annuity that one buys along with one's employer. That is, the annuitant and his/her employer both make tax-deferred contributions to the plan for a certain period, with withdrawals coming upon retirement. If the annuitant begins withdrawals before a certain age, withdrawal penalties apply. One may continue to make contributions until a certain age, usually around 65.

qualified plan

An employer-sponsored tax-deferred employee benefit plan that meets the standards of the Internal Revenue Code of 1954 and that qualifies for favorable tax treatment. Contributions by an employer and an employee accumulate without being taxed until payouts are made at the employee's retirement or termination.
References in periodicals archive ?
Prior to joining the Finance Committee, Rutledge served as a senior tax law specialist on the headquarters staff of the Tax Exempt and Government Entities Division of the Internal Revenue Service, and as a senior technical reviewer in the Qualified Pension Plans branch of the IRS Office of Chief Counsel.
Additionally, cross-border capital shows every sign of rising significantly in 2016, as was evident even before the FIRPTA regulations for qualified pension plans were changed at the end of the year.
I thank my father for giving me a clear understanding of the value of qualified pension plans.
Of 76 companies among the Fortune 200 examined by Towers Watson, 34 closed their qualified pension plans and 42 froze them.
The AFL-CIO Equity Index Fund, a collective investment fund available to qualified pension plans, today announced it has grown to more than $4 billion in investment commitments by union, Taft-Hartley and public employee pension plans since its inception in 2011.
While working at these universities, he contributed to qualified pension plans under U.
Dewey said that the 401(k) plans and qualified pension plans of its current and former employees and partners are held in trust and cannot be accessed by the firm's creditors.
There are many qualified pension plans for freelances that include, among others, 401(k)s, individual retirement accounts (IRAs), and simplified employee pensions (SEPs).
In order to protect surviving spouses, the law requires that qualified pension plans must provide as a minimum a joint and one-half annuity (e.
According to The Associated Press, the agreement was presented ahead of an upcoming hearing that will see Delta request that the court terminates its obligations under qualified pension plans.
6 Pension Plus Qualified pension plans for businesses.
Common types of retirement plans include individual retirement accounts (both Roth and regular), tax-sheltered annuities (403(b) plans), qualified pension plans, 401 (k) plans, simplified employee plans (SEPs) and "Rabbi trusts.

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